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Charlie Carnaval, a director at Kroll Zolfo Cooper, has more than 25 years of combined experience in public accounting, private industry and consulting. His restructuring expertise includes the assessment of economic models and business plans, the analysis of a company’s capital structure and management of all aspects of the Chapter 11 bankruptcy process.
He has advised clients in a variety of industries, including manufacturing, media, retail and agribusiness. His clients' revenues have ranged from $250 million to $1.5 billion. Charlie has directed due diligence efforts for debt refinancing and has acted as lead contact for unsecured creditors committees in their due diligence. He has also assisted in the development and negotiation of debt agreements and played a key role in cash management and forecasting processes.
Prior to joining Kroll Zolfo Cooper, Charlie gained extensive experience in the management and restructuring of financial operations of both public and private companies, having served as CFO in several manufacturing companies and a passenger/charter airline. At each of these organizations, he has served as principal liaison for attorneys, consultants, bankers, public accountants and other professionals. He has successfully negotiated revolving credit facilities, providing for increased working capital, reduced interest expense and adequate capital expenditure and covenant levels. He has directed, initiated and managed cost-containment programs, spun off unprofitable operations and instituted downsizing efforts.
His experience also includes managing public filings as well as financial and IT organizations, human resources and customer service in industries such as technology, manufacturing, government contracting and metal fabrication industries.
Previously, Charlie was a senior manager at KPMG Peat Marwick, where he performed services needs for a number of manufacturing clients, both public and private. He served as an audit specialist in computer environments and managed the firm’s local office computer audit specialist program. He also specialized in banking and financial institution engagements.
Charlie graduated from St. John’s University with an M.B.A. and B.S. He is also a certified public accountant and a certified insolvency and restructuring advisor. | 